Loan amortization sounds like a complicated term, but its meaning is fairly straightforward. Amortization refers to the series of regular payments you make on a loan in order to pay off both interest ...

Learn why early mortgage payments are mostly interest, how amortization affects this, and strategies to reduce interest costs over your loan term.

Most people aren't able to buy a home in cash. Instead, they borrow money from a bank in the form of a mortgage loan. Of course, no bank lets you borrow money for free. You'll be charged interest, ...